Clipper Fund
Fund Distributions
See below for details on estimated and historical distributions for each of our funds.
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Tax information for current shareholders who hold directly with Clipper Fund, including your 1099-DIV forms, can be accessed via your online account.
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Clipper Fund Distributions
2023 Distributions
This information on 2023 distributions is intended for existing shareholders.
As large shareholders ourselves, we are conscious of tax costs and make every effort to be tax efficient.
Capital gains result from appreciation in the portfolio. The funds’ long-term investment approach means that this appreciation may have occurred over an extended period of time. The majority of the gains are long term and generally subject to lower tax rates than short-term gains or dividend income.
Clipper Fund as of 01/08/24
| Record Date | Ex-Date | Payable Date | Qualified Dividend Percentage | Ordinary Income | Return of Capital | Short-term Capital Gain | Long-term Capital Gain | Reinvestment Price |
|---|---|---|---|---|---|---|---|---|
| 6/26/23 | 6/27/23 | 6/28/23 | 100% | 0.61 | - | - | 3.00 | 116.96 |
| 12/7/23 | 12/8/23 | 12/11/23 | 100% | 0.67 | - | 0.43 | 3.17 | 121.78 |
This information on 2023 distributions is intended for existing shareholders. Shareholders should not use this information for tax reporting purposes. Form 1099 will be sent at a later date for all tax reporting.
The table above includes the percentage of 2023 dividend and net short-term capital gain distributions, by fund, that are eligible for reduced tax rates as "qualified dividend income" (QDI). QDI-eligible amounts, including any net short-term capital gains, are reported to shareholders in Box 1b of Form 1099-DIV. For those shareholders who do not receive a Form 1099-DIV, QDI-eligible amounts can be determined by applying the relevant percentages from the table to the dividend and net short-term capital gain distributions shown on the shareholder's 2023 year-end account statement. Individual questions should be referred to your tax advisor.
Carefully consider the fund's investment objectives, strategies, risks, charges and expenses before investing or sending money. The prospectus contains this and other information and can be obtained by clicking here.
2024 Estimated Year-End Distributions Percentage of 10/31/24 NAV Price
This information on 2024 estimated year-end distributions is intended for existing shareholders. Clipper Fund also paid a semiannual capital gains distribution.
As large shareholders ourselves, we are conscious of tax costs and make every effort to be tax efficient.
Capital gains result from the appreciation of companies in the portfolio. The funds’ long-term investment approach means that this appreciation may have occurred over an extended period of time. All of the gains are long term and generally subject to lower tax rates than short-term gains or dividend income.
- Shareholders should not use this information for tax reporting purposes. Form 1099 will be sent at a later date for all tax reporting.
- Estimated distributions can change prior to the record date depending on current market conditions. The estimates below do not include ordinary income distributions the fund may be making.
| Record Date | Ex-Date | Payable Date | Short-term Capital Gain | Long-term Capital Gain |
|---|---|---|---|---|
| 12/12/24 | 12/13/24 | 12/16/24 | None Expected | 8% - 9% |
Carefully consider the fund's investment objectives, strategies, risks, charges and expenses before investing or sending money. The prospectus contains this and other information and can be obtained by clicking here.
2024 Semi-Annual Distributions
This information on 2024 distributions is intended for existing shareholders.
As large shareholders ourselves, we are conscious of tax costs and make every effort to be tax efficient.
Capital gains result from the appreciation of companies in the portfolio. The funds’ long-term investment approach means that this appreciation may have occurred over an extended period of time. The majority of the gains are long term and generally subject to lower tax rates than short-term gains or dividend income. Thus, for longtime shareholders in search of yield, capital gains distributions tend to be more tax efficient than interest or dividend income.
Clipper Fund as of 06/14/24
| Record Date | Ex-Date | Payable Date | Ordinary Income | Short-term Capital Gain | Long-term Capital Gain | Reinvestment Price |
|---|---|---|---|---|---|---|
| 6/13/24 | 6/14/24 | 6/17/24 | .62 | 0.08 | 5.25 | 139.38 |
This information on 2024 distributions is intended for existing shareholders. Shareholders should not use this information for tax reporting purposes. Form 1099 will be sent in early 2025 for all tax reporting.
Carefully consider the fund's investment objectives, strategies, risks, charges and expenses before investing or sending money. The prospectus contains this and other information and can be obtained by clicking here.